Legg Mason's Miller says unfazed by housing slump

Legg Mason's (LM.N: Quote, Profile, Research) star stock investor, Bill Miller, admits his fund's poor recent performance reflects investments in the battered housing sector and a failure to own surging energy stocks -- but he is unfazed by the U.S. housing slump.

As of Friday, Miller's Value Trust fund (LMVTX.O: Quote, Profile, Research) was down 2.73 percent year-to-date, putting it at the very bottom of similar funds, according to Lipper Inc., a unit of Reuters Group Plc.

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